ECONOMIC AND FINANCE REPORT

1) Sales for Abercrombie and Fitch are down because of hot weather, which in turn is pushing their stock down. Campbell soup sales are also down as a result of…

1) The GDP (Gross Domestic Product) for the second quarter has been revised upwards from 4.1% to 4.2%. 2) Iranian lawmakers are blaming their leadership for the economic problems imposed…

1) The Nestle corporation has made a $7 billion dollar deal with Starbuck to use it’s distribution network to sell selected Starbuck’s products. About 500 Starbuck employees will be transferred…

1) President Truman announced that the United States and Mexico have reached a new trade agreement to replace NAFTA. It has been difficult and complex to reach, but Canada has…

1) The EU (European Union) is warning about possible problems for Britain if she exits the union next year without the formal exit process. Fears of higher credit card fees…

1) Sears is closing an additional 46 stores, 13 Kmart and 33 Sears. Liquidation sales should start in the next week or so. Sears stock has dropped 85% in the…

1) The plummet of the Turkish lira has push down the currencies of Argentina, India, Indonesia, Mexico, Russia, South Africa, and Zambia while raising Italy’s borrowing costs to their highest…

1) Forecast are for oil to have the longest run of weekly declines in three years, as instability of the emerging markets plus the ongoing trade conflict between the U.S.…

New article posted below titled “U.S. ENERGY SEC. COMMENDS MEXICO’S ADMIN IN ENDING FUEL IMPORTS!!!!!” 1) The National Debt is at its highest level since World War II and is…

New article posted below titled, “U.S. ENERGY SEC. COMMENDS MEXICO’S ADMIN IN ENDING FUEL IMPORTS!!!!!” 1) Maersk, the Danish shipping and industrial conglomerate announced it is divesting itself of it’s…